WAST
Waste Energy Corp.0.0350
+0.0040+12.9%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.83MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Waste Energy Corp. posted $125,000 in consulting revenue for Q2 FY2025 ended June 30, 2025, up from zero a year earlier, while YTD revenue hit $166,667 (derived). Operating income swung to a $42,748 profit from a $444,705 loss y/y, thanks to lower general and administrative costs, but net loss widened to $1.5M from $476K due to a $1.6M hit from derivative liability changes. Cash climbed to $90,919 on financing inflows, yet total liabilities ballooned to $5.1M amid $1.3M in convertible notes and a $468K capital advance for waste-to-energy assets under construction. No free cash flow disclosed in the 10-Q. Litigation over a $752K contingent claim lingers.
10-Q
Q1 FY2025 results
Waste Energy Corp. notched its first revenue of $41,667 from consulting services in Q1 FY2025 ended March 31, 2025, up from zero a year earlier, while slashing operating expenses to $46,858—a 91% drop—yielding a slim operating loss of $5,191 versus $523,192 last year. Net loss narrowed to $23,068, or $0.01 per diluted share on 134.2 million shares, mainly from interest expense on notes; EPS aligns with weighted shares, no anti-dilution flagged. Cash climbed to $64,306 on $339,619 operating inflow from deferred revenue, offset by a $310,000 capital advance for waste-to-energy equipment under construction. Total debt stands at $1.4M in convertible notes (10% rate, various maturities through 2029) plus $167K notes payable, with $50K stock subscription pending. Litigation over a contingent $752K loan commitment lingers unresolved.
10-K
FY2024 results
Waste Energy Corp reported a net loss of $2.88 million for FY2024 ended December 31, 2024, down 49% y/y from $5.65 million, driven by slashed operating expenses to $1.19 million—a 49% drop—amid a strategic pivot to waste-to-energy tech with no revenue yet. Q4 saw no quarterly breakdowns disclosed, but momentum built through investments in pyrolysis equipment and AI emissions monitoring, while impairing $1.55 million in unused software from discontinued blockchain ops. Liquidity strained with $682 cash against $3.21 million liabilities, including $1.29 million convertible notes; financing via $383K in notes and equity covered $385K operating burn. No dividends or buybacks; capex focused on pilot facility. Regulatory hurdles could stall quarterly rollout.
8-K
Equity issuance and CFO change
Waste Energy Corp issued 10 million restricted common shares at $0.005 each to a non-U.S. trust on March 17, 2025, raising $50,000 in gross proceeds under exemptions from registration. The company also agreed to issue 15 million shares at $0.0075 per share to settle $112,500 in debt owed to an entity controlled by Chairman, CEO, and President Scott Gallagher, flagged as a related party transaction. On the same date, CFO Swapan Kakumanu resigned, with Braden Glasbergen—a seasoned CPA and MBA holder—appointed as the new CFO, Treasurer, and Secretary via consulting agreement. Leadership shakeup bolsters financial expertise amid equity funding.
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